State-run ONGC has awarded a major work package worth Rs 11,740.86 crore ($1,694.45 million) to a consortium of companies for integrated development of "KG-DWN-98/2" project located on the East Coast.
According to the company, the consortium of BHGE, McDermott and L&T hydrocarbon has been awarded the contract.
"This tender is one of the biggest integrated tenders awarded globally in recent years," the company said in a statement on Wednesday.
"ONGC envisages commencement of first gas production by December 2019, first oil by March 2021 and overall project completion by August 2021."
--IANS
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